'We have decided to hike fares by around 17.17 per cent mainly due to a rise in diesel prices. The revised fare will be effective from midnight. MSRTC is revising its bus fare after a gap of three years,' said an official
This picture has been used for representational purpose
The Maharashtra State Road Transport Corporation (MSRTC) has decided to hike fares for all types of bus services from midnight, with a top official stating that the upward revision was due to a rise in diesel prices.
ADVERTISEMENT
The MSRTC, which has been severely hit due to curtailed operations amid the coronavirus pandemic and lockdown, is expected to earn an additional Rs 50 crore from this move, Shekhar Channe, vice chairman and managing director of the state-run transport undertaking, told PTI.
"We have decided to hike fares by around 17.17 per cent mainly due to a rise in diesel prices. The revised fare will be effective from midnight. MSRTC is revising its bus fare after a gap of three years," he said. A senior official said the State Transport Authority approved MSRTC's fare hike in a meeting held earlier in the day.
MSRTC has a staff strength of 95,000 employees and a fleet of 16,000 buses.
Also Read: Mumbai: Central Railway to resume 100 per cent services soon; awaits nod from HQ
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
